Turnover
/ˈtɜrnˌoʊvər/
Definitions
- (n.) The total sales or revenue generated by a business during a specific period.
The company's turnover increased by 10% last year.
- (n.) The rate at which employees leave and are replaced within a company.
High employee turnover can indicate dissatisfaction in the workplace.
Forms
- turnovers
Related terms
See also
Commentary
In contracts, clarify whether 'turnover' refers to sales volume or employee replacement to avoid ambiguity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.